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Smith first explains all the basic information you need to know to get started in trading forex. He then introduces the tested, profitable techniques that will help you make money in the forex market, offering a variety of different methods to use over different time horizons—from those that look at the market from the perspective of days and weeks to those that hold positions for less than one day. Smith describes, for instance, a system that monitors the market from three different time perspectives and doesn't enter the market until all three are calling for an entry into the market.
He also details a new way to filter trades that eliminates about half of all losing transactions. And he tells how to sidestep the usual traps that drain money from your account using his method to identify short-term turning points and, more important, to identify major turning points. Smith concludes by showing you how all the techniques in the book fit together into a coordinated program for creating profits.
Throughout the book, the author stresses the two most important aspects of trading: risk management and trader psychology. How to Make a Living Trading Foreign Exchange shows how to take risk management one step beyond and use it as an offensive weapon for enhancing profits. And perhaps, most important, it tells how to overcome the biggest block against making money in the markets: your own psychology. Whether you're a novice or a pro, says Smith, following the techniques in this book will turn forex trading into your ticket to financial freedom.
"Courtney Smith has hit it out of the park with this book. Not only does he provide great insight into both the inner workings of the marketplace and original trading methodologies, but he also devotes much discussion to the often overlooked, immensely important aspects of trading such as money management, discipline, and psychology. After all, as he aptly opines, these are demons traders must slay to be successful."
—Tom Demark, Founder, Market Studies, Inc.
"I learned a long time ago if Courtney Smith writes it, I readit. Glad I did. I picked up three great insights in my first read-through."
—Larry Williams, author of Trade Stocks and Commodities with the Insiders, The Right Stock at the Right Time, Day Trade Futures Online, and Long-Term Secrets to Short-Term Trading
Met Courney Smith in person. He has no nonsense trading strategies. He's a master trader. ForEx is just another tool in my trading plan. Thanks!Published 11 months ago by Debbie
Wiley Finance publishes a huge number of trading books each year. Each cost 60-80 dollars and is printed on yellowish very cheap paper. Read morePublished 15 months ago by Jackal
I read all of the glowing reviews so I thought I would pay the money and try it. I just feel there really isn't much here. Read morePublished 17 months ago by TheSimonCowellofbookreviews
This book is amazing and I highly recommend it for anyone who is serious about increasing their wealth through forex trading. Just remember to execute flawlessly. Read morePublished 18 months ago by Nicholas D. Hoyt
Of all the pundits and gurus available, this author has the best most practical approach to trading. Read morePublished 18 months ago by Howard Moll
Book is full of valuable common sense information that is usable.
I would recommend to anyone who is looking to make extra income by trading currency
It is very useful. All techniques are profitable and easy to apply into trading. I recommend that all traders should read through this book.Published 22 months ago by LE VAN DAN
It does have trading rules laid out precisely. He manages risk pretty well. One way he manages risk is to not day trade. Read morePublished 23 months ago by JohnB
This book is clear, easy to follow, but with all the sophistication you would expect in the subject. Courtney makes it seem easy to trade.Published on April 15, 2013 by rita v hutchins